Consumer Payments Country Snapshot: South Africa

Publisher Name :
Date: 30-Sep-2016
No. of pages: 37

Summary

South Africa continues to increase the level of financial inclusion in the country; the banked consumer base is on the rise and payment card ownership is forecast to grow strongly over the next five years. However, South African consumers still prefer to pay for small-value purchases with cash.

Key Findings


  • Contactless payments are still in their infancy in South Africa and although awareness and ownership are on the rise, usage remains low.

  • South Africa also has a high mobile phone penetration rate, and as consumers become more comfortable shopping on their devices, m-commerce will drive online sales growth.

  • The sizable opportunity for mobile payment services in South Africa will increase as smartphone ownership rises, investment in mPOS terminals continues, and new players enter the market.


Synopsis

This report examines the consumer payments market in South Africa, considering payment cards, online payments, P2P payments, and newer payment technologies such as mobile wallets and contactless. This report also examines the regulations in force in the market which players must comply with, and how these have changed in recent years.


  • Analyzes the consumer attitudes to financial services by life stage.

  • Analyzes the major payment card types in terms of both card holding and usage.

  • Identifies the major competitors in card issuing and how their position in the market has changed over the last five years.

  • Considers consumer attitudes towards prepaid cards, P2P tools, mobile payment tools, and contactless cards, and how companies in South Africa are deploying these tools to meet customer needs.

  • Explores the online payment market in South Africa by merchant type and payment tool, as well as providing a five-year forecast for the development of the market.

  • Considers the regulations affecting the payments market and how they are likely to affect both incumbents and disruptors.


Reasons To Buy


  • Understand the key facts and figures in the consumer payments market in South Africa.

  • Learn what trends drive consumer behavior at the macro level and plan your strategy accordingly.

  • Find out what products the major competitors are launching in the market and plan your strategy accordingly.

  • Discover consumer sentiments towards various payment tools in the South African market and use this knowledge to inform product design.

  • Learn about the key regulatory requirements affecting South African payments players and any recent or upcoming changes to those requirements.


Companies Mentioned


  • Mastercard

  • ikhokha

  • Visa

  • American Express

  • Diners Club

  • South African Post Office

  • First Rand Group

  • Standard Bank

  • Nedbank

  • Absa

  • Capitec Bank

  • PayPal

  • MoneyGram

  • Vodacom

  • MTN

  • Lendico

  • WeChat

  • Shell

  • Apple

  • Google

  • MobiCash

  • Boloro

  • Big Save Group

  • Samsung

  • Proxama

  • Nokia

  • Blackberry

  • Mercantile Bank

Consumer Payments Country Snapshot: South Africa

Table of Contents

Megatrends
Proximity Payments
Remote Payments
Payments Infrastructure And Regulation
Appendix

  • Global Triennial OTC Derivatives Market Data Survey Report 2025
    Published: 16-Oct-2017        Price: US 1500 Onwards        Pages: 80
    Summary Triennial OTC Derivatives are contracts that are traded (and privately negotiated) directly between two parties, without going through an exchange or other intermediary. Products such as swaps, forward rate agreements, exotic OTC Options- and other exotic derivatives - are almost always traded in this way. The main contents of the report including: Global market size and forecast Regional market size, production data and export & import ......
  • Offshore Investment: Booking Center Preferences 2017
    Published: 11-Oct-2017        Price: US 5250 Onwards        Pages: 59
    Offshore Investment: Booking Center Preferences 2017 Summary Offshore investment market is growing once again, reassuring all banks and wealth managers serving this lucrative, if challenging segment that the Common Reporting Standard (CRS) and recent scandals have not put it into a terminal decline. However, the shape of post-CRS world is likely to be very different than what it was before: more concentrated, institutionally oriented, and with slower growth. ......
  • Future of Financial Services - Five technological trends changing the banking, insurance, payments and wealth management industries
    Published: 30-Sep-2017        Price: US 1495 Onwards        Pages: 40
    Future of Financial Services - Five technological trends changing the banking, insurance, payments and wealth management industries Summary The world of financial services is changing. The recent introduction of FinTech innovations is beginning to shake up the market and improve and streamline financial services and disrupt the order of things. Furthermore, today's generation of customers have very different habits and requirements and insurance companies, banks, cu......
  • UK SME Adoption of Employee Benefits 2017
    Published: 28-Sep-2017        Price: US 7500 Onwards        Pages: 77
    UK SME Adoption of Employee Benefits 2017 Summary "UK SME Adoption of Employee Benefits 2017", report highlights the opportunities in offering employee benefits by sizing the number of SMEs in the UK. It discusses the penetration of employee benefits among SMEs and factors affecting this, such as pension auto-enrolment. It explores how employee benefits are purchased, which are the top insurers, and the importance of offering benefits in attracting and retaining emp......
  • United States Credit Insurance Market by Manufacturers, States, Type and Application, Forecast to 2022
    Published: 27-Sep-2017        Price: US 4480 Onwards        Pages: 120
    Trade credit insurance or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. Credit insurance product is a type of property and casualty insurance.Scope of the Report:This report focuses on the Credit Insurance in United States m......
  • Payments Landscape in Taiwan: Opportunities and Risks to 2021
    Published: 25-Sep-2017        Price: US 2750 Onwards        Pages: 48
    Payments Landscape in Taiwan: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Taiwan: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Taiwanese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards, cash, direct debits, and cheques during the review-period (2013-17e). The re......
  • Payments Landscape in Hong Kong: Opportunities and Risks to 2021
    Published: 25-Sep-2017        Price: US 2750 Onwards        Pages: 51
    Payments Landscape in Hong Kong: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Hong Kong: Opportunities and Risks to 2021", report provides detailed analysis of market trends in Hong Kong cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). The r......
  • Payments Landscape in Malaysia: Opportunities and Risks to 2021
    Published: 25-Sep-2017        Price: US 2750 Onwards        Pages: 56
    Payments Landscape in Malaysia: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Malaysia: Opportunities and Risks to 2021", report provides detailed analysis of market trends in Malaysian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debit, cash, payment cards, and cheques during the review-period (2013-17e). The rep......
  • Payments Landscape in Turkey: Opportunities and Risks to 2021
    Published: 25-Sep-2017        Price: US 2750 Onwards        Pages: 50
    Payments Landscape in Turkey: Opportunities and Risks to 2021 Summary GlobalData's "Payments Landscape in Turkey: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Turkish cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, payment cards, and cheques during the review-period (2013-17e). The report also analyzes vari......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs